Mayor Stephen Witt will be forced to pay a ransom of $460K after hackers locked Lake City’s servers. Since then, the local community and politicians have been unable to access their emails and make online payments through Lake City’s systems. This is the second time in less than a week that a city in Florida has become a target for hackers. A few days ago, Riviera Beach’s city council decided to pay 65 bitcoins (USD $592K) to hackers who encrypted their files and locked them out of their servers.
Indri Schaelicke | United States
As technology continues to advance, our lives are becoming more and more comfortable. Technology allows us to spend less time and energy doing basic tasks by automating them. Perhaps the most revolutionary invention of all time is the Internet, with many services being brought into the digital realm. It is now possible to buy products online from halfway around the world and do all of our banking from web-based apps and websites, tasks that a few decades ago might have taken hours to days to complete in the real world. Being able to do these tasks efficiently allows us to increase our productivity as we direct our scarce resources towards other ends. However, as more services are moved online and our use of the internet increases, so does the risk of cyberattacks and fraud. A new type of dangerous cyberattack is on the rise: Cryptojacking.